FHEQ vs. FELG ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Fidelity Enhanced Large Cap Growth ETF (FELG)

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

FELG

Fidelity Enhanced Large Cap Growth ETF

FELG Description

The fund will invest at least 80% of assets in common stocks included in the Russell 1000® Growth Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.54

Average Daily Volume

218,971

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	FELG
30 Days	2.51%	3.26%
60 Days	3.80%	5.11%
90 Days	4.54%	6.08%
12 Months		36.88%

66 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in FELG	Overlap
AAPL	C	7.31%	12.05%	7.31%
ABBV	D	1.0%	0.94%	0.94%
ADBE	C	0.93%	1.29%	0.93%
ALLE	D	0.44%	0.33%	0.33%
AMAT	F	0.7%	0.94%	0.7%
AMZN	C	3.64%	6.62%	3.64%
ANET	C	0.08%	0.83%	0.08%
ANF	C	0.33%	0.52%	0.33%
AVGO	D	1.49%	3.11%	1.49%
BAH	F	0.09%	0.11%	0.09%
BBWI	D	0.11%	0.45%	0.11%
BMY	B	0.68%	0.54%	0.54%
CAT	B	0.48%	0.32%	0.32%
CLX	B	0.2%	0.18%	0.18%
CMG	B	0.49%	0.77%	0.49%
COST	B	0.45%	0.91%	0.45%
CRM	B	1.09%	0.59%	0.59%
CTAS	B	0.66%	0.66%	0.66%
CVNA	B	0.52%	0.07%	0.07%
DASH	A	0.12%	0.72%	0.12%
DBX	B	0.51%	0.43%	0.43%
ECL	D	0.62%	0.7%	0.62%
EXEL	B	0.43%	0.57%	0.43%
FTNT	C	0.24%	0.65%	0.24%
GILD	C	0.73%	0.5%	0.5%
GOOG	C	1.74%	2.52%	1.74%
GOOGL	C	2.02%	3.57%	2.02%
GRMN	B	0.31%	0.54%	0.31%
HD	A	1.32%	0.62%	0.62%
HWM	A	0.27%	0.55%	0.27%
IDXX	F	0.26%	0.39%	0.26%
INCY	C	0.27%	0.5%	0.27%
KLAC	D	0.54%	0.79%	0.54%
LLY	F	0.76%	1.54%	0.76%
LMT	D	0.69%	0.62%	0.62%
LRCX	F	0.23%	0.82%	0.23%
LYFT	C	0.06%	0.51%	0.06%
MA	C	1.34%	2.02%	1.34%
MEDP	D	0.31%	0.12%	0.12%
META	D	2.87%	4.74%	2.87%
MRK	F	0.69%	1.35%	0.69%
MSCI	C	0.49%	0.26%	0.26%
MSFT	F	5.64%	10.23%	5.64%
MSI	B	0.26%	0.65%	0.26%
NFLX	A	1.26%	1.81%	1.26%
NOC	D	0.56%	0.49%	0.49%
NOW	A	0.34%	0.51%	0.34%
NVDA	C	7.27%	11.91%	7.27%
ORCL	B	0.04%	0.46%	0.04%
QCOM	F	0.84%	1.12%	0.84%
SCCO	F	0.04%	0.14%	0.04%
SCHW	B	0.56%	0.59%	0.56%
SPG	B	0.16%	0.56%	0.16%
SQ	B	0.59%	0.66%	0.59%
TDC	D	0.35%	0.3%	0.3%
TJX	A	0.73%	0.77%	0.73%
TMUS	B	0.29%	0.5%	0.29%
TSLA	B	1.26%	3.47%	1.26%
TT	A	0.69%	0.63%	0.63%
UBER	D	0.14%	0.98%	0.14%
UNP	C	0.73%	0.74%	0.73%
V	A	0.47%	1.2%	0.47%
WDAY	B	0.16%	0.71%	0.16%
WMT	A	0.8%	0.13%	0.13%
ZBRA	B	0.47%	0.09%	0.09%
ZM	B	0.52%	0.51%	0.51%

FHEQ Overweight 102 Positions Relative to FELG

Symbol	Grade	Weight
BRK.A	B	2.19%
JPM	A	1.82%
XOM	B	1.54%
BAC	A	1.17%
PM	B	0.92%
PG	A	0.87%
CMCSA	B	0.83%
CSCO	B	0.79%
NEE	D	0.73%
T	A	0.67%
CI	F	0.63%
PGR	A	0.63%
JNJ	D	0.61%
BDX	F	0.59%
CL	D	0.58%
UNH	C	0.57%
DIS	B	0.57%
PFE	D	0.56%
SEIC	B	0.54%
C	A	0.54%
PYPL	B	0.54%
DVN	F	0.53%
MMC	B	0.52%
TXT	D	0.51%
TRV	B	0.49%
MU	D	0.47%
GE	D	0.45%
IGT	F	0.45%
RTX	C	0.44%
EOG	A	0.43%
CSX	B	0.43%
AXP	A	0.43%
PCAR	B	0.42%
CAH	B	0.4%
ALRM	C	0.4%
WM	A	0.38%
CME	A	0.37%
BK	A	0.36%
PPG	F	0.34%
LDOS	C	0.32%
NUE	C	0.32%
CACI	D	0.3%
SKYW	B	0.29%
SPGI	C	0.28%
TMO	F	0.26%
NSC	B	0.26%
AMT	D	0.24%
AMGN	D	0.24%
BLK	C	0.23%
TROW	B	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	D	0.22%
CVS	D	0.22%
MMM	D	0.22%
BIIB	F	0.21%
XEL	A	0.21%
RSG	A	0.2%
GL	B	0.2%
PSA	D	0.19%
GAP	C	0.18%
DOCU	A	0.18%
HLT	A	0.18%
VZ	C	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
ADP	B	0.16%
MS	A	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
ETN	A	0.15%
WFC	A	0.15%
GEN	B	0.13%
VEEV	C	0.12%
CINF	A	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
QRVO	F	0.11%
VST	B	0.11%
KR	B	0.11%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
DOC	D	0.08%
ALL	A	0.07%
BCC	B	0.07%
MDLZ	F	0.07%
L	A	0.07%
TENB	C	0.06%
CRUS	D	0.06%
BLD	D	0.05%
UTHR	C	0.05%
QGEN	D	0.04%
LPLA	A	0.03%
CVX	A	0.02%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 13 Positions Relative to FELG

Symbol	Grade	Weight
BKNG	A	-1.1%
NTRA	B	-0.5%
MPWR	F	-0.4%
AXON	A	-0.32%
APP	B	-0.31%
TW	A	-0.31%
NU	C	-0.19%
PEP	F	-0.15%
INTU	C	-0.11%
ISRG	A	-0.1%
MORN	B	-0.07%
TPL	A	-0.03%
AMD	F	-0.01%